Insurance Insolvency – London Schemes

Experience

The members of the Reed Smith Insurance Recovery Group are dedicated to protecting the interests of their clients.  This includes understanding the intricacies of London insolvency.  Our attorneys have decades of experience assisting corporate policyholders in pursuing claims under London schemes of arrangement.  We aim to preserve our clients’ rights to insurance proceeds from London underwriters in run-off, as well as to maximize our clients’ recovery.

Knowledge

In the United States, bar dates for filing claims are only applicable to liquidations of insolvent insurance companies.  In the United Kingdom, however, both solvent and insolvent insurance companies can wind up operations and institute bars for future claims under certain circumstances.  Our attorneys understand this process.  They alert clients to approaching bar dates and then work with them to review their London policies, determine whether claims are potentially viable, and submit claims on their behalf. 

Advocacy

Our work does not end with your claim submission.  As your advocate, we will communicate with the scheme managers as they review your claims, responding to questions posed and requests for additional documentation.  The members of the Reed Smith Insurance Recovery Group are dedicated to protecting your rights and maximizing the value of your claims.